FXStreet (Córdoba) – GBP/USD bounded to the upside amid optimism about an agreement between Greece and its creditors but quickly the recovery lost momentum and price dropped back toward 1.5300, reaching a fresh 2-week low.
The recovery of the pair found resistance at 1.5370 and currently it trades at 1.5310/20, slightly above the 1.5300 area. Cable is headed toward the fourth daily decline in a row as the US dollar continues to rally in the market.
After rising during several days against its regional rivals, the pound today is the worst performer among European currencies.
GBP/USD technical levels
To the upside, resistance could be located at 1.5370 (American session high), 1.5405 and 1.5435 (daily high). On the opposite direction support could be located at 1.5310 (daily low), 1.5300 and 1.5250.
(Market News Provided by FXstreet)